Future Lifestyle Q3 net profit rises 9-fold to Rs 19.66 crore

Future Lifestyle Fashion Ltd (FLFL), part of Kishore Biyani-led Future Group, today reported over nine-fold growth in its net profit at Rs 19.66 crore for the third quarter ended December, 2015.
The company had posted a net profit of Rs 1.85 crore in the same quarter of last fiscal, Future Lifestyle said in a BSE filing.
Net sales of the company during October-December period was up 18.49 per cent to Rs 857.24 crore as against Rs 723.47 crore in the corresponding period, it added.
During the quarter, FLFL's overall expenses increased by 14.97 per cent to Rs 816.54 crore as compared to Rs 710.21 crore in the same quarter of last fiscal.